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Listing Agreement Comparison Chart, Case Study Example

Pages: 1

Words: 209

Case Study
Listing Agreement

TYPE

 

SUMMARY

Open Listing Any sales agent may compete for the commission, or the seller may find a buyer on their own and pay no sales commission. The seller may withdraw the listing at any time.

 

Exclusive Agency

Listing

Listing contract is made with one agent and a sales commission is paid if that agent or a cooperating agent finds an acceptable buyer. Seller can also find a buyer on their own and pay no sales commission.
 

Exclusive Right to

Sell Listing

 

Listing agent has 100% control of the transaction and will earn the sales commission no matter who finds the buyer. Commission may be split between cooperating agents. Listing typically lasts 90 or 120 days and the seller may cancel after the stated time.

 

Multiple Listing

 

Marketing tool called the MLS that includes listing information and photos for view by agents and buyers on the internet. Members submit exclusive agency and exclusive right to sell listings.

 

Net Listing

 

A listing agreement where the seller lays down the net price they want for their home, leaving the agent to add their desired commission on when presenting to buyers. If the house sells for a price high above the sellers net earning the agent a very high commission the seller may feel cheated. Net listings are illegal in some states.

 

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